ICYMI: #TradeWar, #1929Crash…Yada Yada Yada: “Davidson” submits: Check out our H2 hedge fund letters here. The issue has always been the T-Bill/10yr Treasury rate spread. Same for the worry today about a repeat of the 1929 Crash which many ascribe tariffs. But, it was not about that at all. It was about the financial instability built into the economy since … The post Trade War, 1929 Crash…Yada Yada Yada appeared first on ValueWalkPremium. http://dlvr.it/QJcls2 #valueinvesting

ICYMI: #TradeWar, #1929Crash…Yada Yada Yada #valueinvesting

By imposing new tariffs on #steel and #aluminum, #Trump has embarked on a policy that is a clear and present danger to #US jobs and living standards. The tariffs are indefensible on their face. They'll raise prices for U.S. consumers and put U.S. companies at a serious disadvantage in export markets.

#America's allies and trading partners - including #Japan, #Canada, #Australia, and the #EuropeanUnion - are dismayed. If they aren't exempted, they'll feel compelled to retaliate against the U.S. action, just as the U.S. would retaliate against a unilateral rule-bending act of outright protection against its own producers. The administration will then feel pressure to retaliate against the retaliation. After all, it now has to show that trade wars are 'easy to win.' A self-defeating spiral of this kind is actually the definition of 'trade war.'


#WorldEconomy #Protectionism #Globalisation #GlobalTrade #TradeWar #EconomicPolicy #Economy #TradePolicy #InternationalTrade #TradeTariffs
Oh! What a Lovely Trade War
https://www.bloomberg.com/view/articles/2018-03-02/note-to-trump-trade-wars-are-bad-and-impossible-to-win

U.S. President Donald #Trump boasted Friday (Mar 2) that 'trade wars are good, and easy to win,' after his threat to tax #steel and #aluminum imports marked the latest flashpoint in simmering tensions over cross-border commerce between #Canada and its largest trading partner. The federal government, already at odds with Washington over the lingering softwood lumber dispute and grievances around ongoing #NAFTA negotiations, now finds itself confronted with a president seemingly keen to pick a trade war.

Prime Minister #JustinTrudeau condemned the proposed tariffs as 'absolutely unacceptable' and warned they would cause 'significant and serious' disruptions on both sides of the border. Trudeau talked up the integrated steel and aluminum markets between the two countries and Canada’s role as a military ally of the U.S., all in hopes of securing an exemption from the punishing tariffs.


#WorldEconomy #Protectionism #Globalisation #GlobalTrade #TradeWar #EconomicPolicy #Economy #TradePolicy #InternationalTrade #TradeTariffs
Trudeau calls Trump’s trade war ‘unacceptable’ as Canadian officials reach out to #US administration
https://www.thestar.com/news/canada/2018/03/02/trudeau-calls-trumps-trade-war-unacceptable-as-canadian-officials-reach-out-to-us-administration.html

#miriamtrilety #illustration #drawing #politiacalart #usa #worldtrade #tradewar #guncontrol #gun #trump #satire #artfart #think

#TRADEWAR Trump’s announcement Thursday has hit markets hard, and global indexes tracked Wall Street lower on Friday — Germany’s DAX index, for example, was down 2 percent in midday trading in Frankfurt amid trade war fears.
“Markets are clearly concerned that Trump’s move to impose tariffs will spark retaliation from other countries or trade blocs, which could be the start of a trade war,” said Bas van Geffen, an analyst at Rabobank. #PALMAFINANCIAL

President Trump risks sparking a trade war with his closest allies if he goes ahead with plans to impose steep tariffs on steel and aluminum imports, German officials and industry groups warned Friday. #tradewar Research on Trade #maga CA ASSN OF REALTORS®

#JeanClaudeJuncker, #EuropeanCommission president, said that should #Trump make good on his #protectionist promise, the European Union would slap retaliatory tariffs on goods produced in the home states of top Republican officials - including the bourbon prepared in Mitch McConnell’s backyard and Harley-Davidson motorcycles manufactured in Paul Ryan’s.

#France’s economic minister Bruno Le Maire expressed a degree of sympathy for #America’s predicament - French steel has also suffered from the massive subsidies and 'dumping' practices that certain countries use to prop up their domestic production. But Le Maire insisted that 'a trade war between #Europe and the #UnitedStates will only result in losers.' Angela Merkel’s office said that the German chancellor 'rejects' the tariffs, and believes that such a policy could trigger a global trade war. The United States is the biggest importer of #Germany’s rolled steel products, and the second-biggest consumer of the #EuropeanUnion’s.


#WorldEconomy #Protectionism #Globalisation #GlobalTrade #TradeWar #EconomicPolicy #Economy #TradePolicy #InternationalTrade #TradeTariffs
EU Prepares Tariffs on U.S. Bourbon and Jeans, As Trump Calls for Trade War
http://nymag.com/daily/intelligencer/2018/03/eu-prepares-tariffs-on-u-s-exports-as-trump-vows-trade-war.html

Is this the beginning of Trump's global trade war, with the US pitted against the rest of the world? Or is it just another distraction? What a shocking devolution for the USA who used to the world's leader, until Trump took over. But can the US go it alone in this global economy? Not according to the experts. Canada, Mexico, Brazil, The European Union, Australia, and China have all spoken out against Trump's tariffs, some already threatening to retaliate. #trade #tradewar #tariffs